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Maria Bernier

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An Alternative Estimate of Canadian Potential Output: The Multivariate State-Space Framework

Staff Discussion Paper 2018-14 Lise Pichette, Maria Bernier, Marie-Noëlle Robitaille
In this paper, we extend the state-space methodology proposed by Blagrave et al. (2015) and decompose Canadian potential output into trend labour productivity and trend labour input. As in Blagrave et al. (2015), we include output growth and inflation expectations from consensus forecasts to help refine our estimates.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Economic models, Potential output JEL Code(s): C, C5, E, E0, E5

Does Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield Investments

Staff Working Paper 2018-31 Naveen Rai, Lena Suchanek, Maria Bernier
This paper seeks to understand how outward foreign direct investment (FDI) affects the productivity of Canadian firms. We estimate the impact of outward greenfield investment on measures of firm-level productivity using FDI data from roughly 2,000 Canadian firms and more than 4,000 outward FDI projects over the 2003–14 period.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Firm dynamics, Productivity JEL Code(s): D, D2, D24, F, F2, F21, F23

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